There is no federally regulated standard employment agreement, other than rights granted to all employed persons, such as minimum wage and no wrongful termination. Companies, especially large ones of 100 employees or more, create standard a employment agreement. They often will not waiver from the agreement, and will only hire individuals who agree to it. This agreement may be in made through a formal contract, or simply stated in the employee handbook provided by the organization. Such agreements will include terms of employment, compensation process and termination process.